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Artemon [7]
2 years ago
12

Based on what you have read, if Jasmine works at the supermarket, what is her opportunity cost? working at a new job earning ext

ra spending money gaining job experience missing out on playing basketball
Business
2 answers:
valentinak56 [21]2 years ago
8 0

The correct answer to this question is:  missing out on playing basketball.

Opportunity cost can be defined as the next best alternative given up by choosing the best option. In this case if Jasmine decides to work at the supermarket, she is gaining earning extra spending money gaining job experience as well, so that’s a gain. However she is at the same time missing out on playing basketball. So that is her opportunity cost.


Greeley [361]2 years ago
3 0

missing out on playing basketball

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A business cycle reflects changes in economic activity, particularly real gdp. the stages of a business cycle are?
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The business cycle goes through four major phases: expansion, peak, contraction, and trough.

A business is an activity that makes a living or makes money by manufacturing or buying and selling products.

Enterprise is defined as an organization or business entity engaged in commercial, industrial, or professional activities. A business can be a commercial or non-commercial organization. The types range from corporations with limited liability to sole proprietorships, corporations and partnerships.

The definition of business is the profession or trade, the buying and selling of goods or services for profit. A business example is agriculture. An example of a transaction is the sale of a home.

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8 0
1 year ago
Negative externalities that arise from the production of a gooda. cause an increase in the demand for the goodb. cause a decreas
Dennis_Churaev [7]

Answer:

The correct answer is option c.

Explanation:

Externalities refers to the situation in which costs or benefits arising from the activities of someone are incurred or  received by the some other third party.

Externalities can be classified into two types, namely, positive and negative.

In case of negative externalities the cost arising from the activities of some person are incurred by a third party.

Negative externalities lead to market failure.

6 0
2 years ago
Critics of the North American Free Trade Agreement argued that opening our borders to free trade with Mexico would result in U.S
myrzilka [38]

Answer:

The criticism is true to a certain degree, and unjustified to another degree.

Explanation:

It is true in the sense that the U.S. has indeed lost a lot of manufacturing to Mexico, simply because Mexico has far lower labor costs, and U.S. manufacturers have decided to take advantage of that by taking their plants to Mexican states.

It is also true that Mexico has been running a trade surplus with the United States in recent years, mainly because of the large manufacturing sector that Mexico has been developing.

On the other hand, the criticism is unjustified because neither a trade deficit nor the moving of manufacturing to Mexico mean that the United States as a whole is in worst condition than before NAFTA. In fact, most economists agree that free trade is a good thing for the economy as a whole, and that most people benefit from the lower costs and specialization that trade brings about.

The problem lies then, in the people who lose their jobs: formerly unionized manufacturing workers from the Rust Belt, for example. These people need to be helped with government assitance, both in terms of welfare, and training, so that they can find new jobs and make ends meet in the meanwhile.

5 0
2 years ago
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Drupady [299]

Answer:

70

Transition to a post- industrial economy

46

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6 0
3 years ago
Today, money comes in many different forms. When you go to purchase something at a store, you pay money in the form of cash, a c
seropon [69]

Answer:

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Explanation:

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7 0
3 years ago
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